SoFi

Deal Snapshot

Company: SoFi Technologies, Inc.

Website: sofi.com

Sector / Category: Fintech / digital banking and consumer financial services platform

Headquarters: San Francisco 

Founded: 2011

Investor: Frazier VC

Deal Type: Secondary

Exit / Realization: Public company (ticker “SOFI” began trading June 1, 2021)

Company Overview

SoFi is a consumer-focused financial services platform offering products across borrowing, saving, spending, and investing, positioned as a digital “one-stop shop” for member financial needs.

Investment Summary

Frazier VC made multiple secondary purchases in SoFi from 2014-2019. These secondary purchases provided exposure to a scaling fintech platform during its early period before the SPAC business combination and public listing.

Why We Invested

Frazier VC invested in SoFi because we look for platforms with strong growth potential that can scale efficiently as product adoption compounds across a growing customer base. We also value differentiated businesses with defensibility that can deepen over time through product breadth, distribution, and embedded workflows. Secondary purchases can be a way to gain exposure to companies we believe are positioned to build durable value at scale.

Other Investors

Baseline Ventures

DCM Ventures Renren Inc.

Discovery Capital Management

Peter Thiel

Wicklow Capital

SoftBank Group

Silver Lake

GPI Capital

Qatar Investment Authority